Middlesex Water Company (MSEX)
Operating profit margin
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Operating income | US$ in thousands | 39,223 | 47,333 | 33,211 | 37,420 | 35,520 |
Revenue | US$ in thousands | 153,788 | 161,157 | 135,679 | 133,956 | 127,194 |
Operating profit margin | 25.50% | 29.37% | 24.48% | 27.93% | 27.93% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $39,223K ÷ $153,788K
= 25.50%
The operating profit margin of Middlesex Water Co. has displayed some fluctuation over the past five years. In 2023, it stood at 23.59%, which is a decrease compared to the previous year's margin of 25.92%. Similarly, it was lower than the margins recorded in 2020 and 2019, which were 26.43% and 26.39%, respectively. However, the 2023 margin was slightly higher than the margin in 2021, which was 23.20%.
Overall, the operating profit margin of Middlesex Water Co. appears to have experienced some variability in recent years, with a downward trend from 2019 to 2023. This trend suggests that the company may have faced challenges in controlling its operating expenses or generating sufficient revenue to maintain higher profit margins. Further analysis of the company's cost structure and revenue sources may provide additional insights into the factors influencing these fluctuations in operating profit margin.
Peer comparison
Dec 31, 2023